Driving the system is Megvii’s software Face++, the brainchild of Yin Qi and two of his Tsinghua University classmates, Yang Mu and Tang Wenbin, who launched Megvii in 2011. The trio have already built a decent base in China, with clients such as Ant Financial, Sina Weibo, smartphone maker Vivo and ride-sharing firm Didi Chuxing. Now they are planning to go global, after raising $500 million in a December funding round led by the Bank of China. Yin plans to roll out Megvii projects this year in Europe, Japan, the Middle East, Southeast Asia and the U.S.
Megvii announced in January that it would invest $296 million to develop technologies for the global logistics industry such as AI-powered robots, connected sensors and operating systems. To help with this expansion, Megvii acquired Chinese firm Beijing Ares Robot Technology last year for an undisclosed amount.
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